CRE Business

As yields get lower and lower, traditional buyers of core assets are more and more looking elsewhere.

Occupancies are unlikely to rise much higher than their current high level. And property prices are already so high they are unlikely to increase much more relative to incomes.

“Value appreciation has practically stopped in aggregate,” said Joi Mar, senior analyst at Green Street, in a webinar on Wednesday.

For store sales that have occurred since the auctions began, the prices have ranged anywhere from $10 to $500 per sq. ft., an industry source says.

Corporations are taking advantage of what remains a “pretty hot market” for sale-leaseback transactions.

The new federal budget just passed by Congress includes a few changes that will strengthen the LIHTC program.

Cap rates on self-storage transactions averaged 6.3 percent in the fourth quarter of 2017, down from 6.5 percent the year before, according to RCA.

Howard Schultz reportedly told Starbucks employees that the retail sector was reaching a point where landlords of even prime centers would need to lower rents.